SFGTV: San Francisco Government Television
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Jan 9, 2013
01/13
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business taxes well. a lot of these changes are changes that affect big business in san francisco but we need to do more to make sure that we support every day businesses. we are seeing higher income people; (indiscernible) i really believe that san francisco needs to do something deliberate, specific that measures how people on the bottom rung are getting by in a better way. it's not enough that we just serve the wealthy interest; we make sure that as we do that that we support the people that i getting by not as much of the city. i was at dc about two months ago, i went to a lot of different monuments, really beautiful statues, beautiful buildings, the lincoln memorial, actually passed the lincoln memorial onto the franklin delano roosevelt memorial. something struck me there, quote from fdr: the test about progress is not whether we add more to those who have enough but whether we provided enough to those who do not have enough. we want to make sure that people see real differences. i look forward to w
business taxes well. a lot of these changes are changes that affect big business in san francisco but we need to do more to make sure that we support every day businesses. we are seeing higher income people; (indiscernible) i really believe that san francisco needs to do something deliberate, specific that measures how people on the bottom rung are getting by in a better way. it's not enough that we just serve the wealthy interest; we make sure that as we do that that we support the people that...
SFGTV: San Francisco Government Television
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Aug 18, 2013
08/13
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experiencing hardships such as homelessness, people with incomes below the threshold for filing federal tax returns which is about 9750 dollars per year, the incarcerated, those are the religious exemptions. >> my apologies, do you have copies of the slides for the committee. >> i'm sorry, i do not, i apologize. >> continue, please. >> anyone who is subject to the individual mandate and fails to show klein which will be done through their tax return, financial penalties will apply, the penalty in the first year is $95 which is low in acknowledgment of this new requirement but it creases to 695 dollars in 2016, it expands public insurance for low-income citizens through the medicate program, it creates the amazon.com of health insurance, it incentive employers to offer coverage, it makes health insurance more accessible and for all of these, i'll review the expanded options in brief. for the lowest income individuals, health reform expanded medicate which is called medi cal in california, prior to health reform, only certain low-income individuals were eligible for medical, primarily, childr
experiencing hardships such as homelessness, people with incomes below the threshold for filing federal tax returns which is about 9750 dollars per year, the incarcerated, those are the religious exemptions. >> my apologies, do you have copies of the slides for the committee. >> i'm sorry, i do not, i apologize. >> continue, please. >> anyone who is subject to the individual mandate and fails to show klein which will be done through their tax return, financial penalties...
SFGTV: San Francisco Government Television
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Jan 29, 2013
01/13
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also want to talk about the trend happening locally in terms of revenue measures such as the sales tax and vehicle registration fee that are administered by the authority. one of the things that is important as we move forward is to always look for the most cost-effective ways of doing the work. one of the things that i hope you continue to do is to focus on enhancing coordination among the various city agencies. we saw with a number of projects that were discussed at the authority that while there is communication between these agencies better communication is needed. and one of the things that i hope happens- especially with the major projects - that we continue to focus on how the county transportation authority interacts with the mta and other agencies involved in various projects that we are funding. i know that in the state of the city address, mayor lee indicated that public transportation % specifically the mta is going to be a top priority for him. i know he is putting together a working group that is going to be looking at those issues and i hope that at that work continues t
also want to talk about the trend happening locally in terms of revenue measures such as the sales tax and vehicle registration fee that are administered by the authority. one of the things that is important as we move forward is to always look for the most cost-effective ways of doing the work. one of the things that i hope you continue to do is to focus on enhancing coordination among the various city agencies. we saw with a number of projects that were discussed at the authority that while...
SFGTV: San Francisco Government Television
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Nov 29, 2013
11/13
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there is no evidence of any operation and no evidence of paying a single dollar in sales tax and no evidence of any operating expenses. and no evidence of employee payments, or a single financial sheet showing profit and losses. tonight, miss lewis presents to you a single uhaul of documents but the question under that document, and whether or why that document was not provided earlier a lack of diligence is not a justification for a rehearing, and if she had rented a uhaul it does not prove that she used it for any operation in leavenworth and does not prove that she operated in san francisco and or what she did with that truck at all. >> more over the testimony on this is radically inconsistent and she admitted that she did not operate at all, she said to the dpw, and not only that, i did not actually sell coffee, which i didn't have to, okay? i was there, representing my business. and i didn't see anywhere, where i had to sell something because i didn't. and then, before this board, on the october hearing, counsel wrote in a brief that it was operating for 3 continuous months. this is wha
there is no evidence of any operation and no evidence of paying a single dollar in sales tax and no evidence of any operating expenses. and no evidence of employee payments, or a single financial sheet showing profit and losses. tonight, miss lewis presents to you a single uhaul of documents but the question under that document, and whether or why that document was not provided earlier a lack of diligence is not a justification for a rehearing, and if she had rented a uhaul it does not prove...
SFGTV: San Francisco Government Television
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Jan 16, 2013
01/13
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it will tax the recreation industry like tomatoes and the money will go to the social infrastructure. we will go nationwide with this. plan ongoing worldwide with this. we will end the war on cannabis. using a medicine that comes from god, genesis 2:9, crack open your bibles. san francisco is a city of love. congratulations. it is the interest of my life work since 1976. god bless you all. >> next speaker. >> president chiu, supervisors, elected officials and public. i stand to be in a great deal of excitement because within our african-american tradition we are celebrating the 150th anniversary of the emancipation proclamation. i congratulate those who have been elected on this most auspicious occasion. i want to say that i think it is very good that supervisor cohen was selected as the person to be president. and i want to offer my own support of that cause. supervisor breed, you stated something about doctor king. i thought i might leave this quote with you. for doctor king said, "change does not roll in on the wheels of ineligibility, but comes through continuous struggle. men can
it will tax the recreation industry like tomatoes and the money will go to the social infrastructure. we will go nationwide with this. plan ongoing worldwide with this. we will end the war on cannabis. using a medicine that comes from god, genesis 2:9, crack open your bibles. san francisco is a city of love. congratulations. it is the interest of my life work since 1976. god bless you all. >> next speaker. >> president chiu, supervisors, elected officials and public. i stand to be...
SFGTV: San Francisco Government Television
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Feb 28, 2013
02/13
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activity in san francisco, provides 48,000 jobs in our city, and furnishes the city with $55 a million in tax revenue. and this study did not even include street fares and festivals like outside lands and folsom street fair. so, the actual
activity in san francisco, provides 48,000 jobs in our city, and furnishes the city with $55 a million in tax revenue. and this study did not even include street fares and festivals like outside lands and folsom street fair. so, the actual
SFGTV: San Francisco Government Television
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Sep 29, 2013
09/13
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i remember a tax credit is much more powerful than a tax deductible expense. other than to calculate what your total bill is, a credit simply is subtracted immediately out of the amount due to the irs where a deduction is not, it just lowering the gi in the first place. this is most definitely a tax credit? >> it is a tax credit especially on the individuals side. as you apply you state what your estimated income is going to be and that puts us in the bucket and say this is what the plans are for and it gives you an event premium tax credit. if you are in a situation where you can qualify for cautionary reduction it will tell you that you can qualify with a lower plan tax care. you can choose to apply your tax credit to that plan or not. you can choose from bronze over platinum. but it is a tax credit. it's called an advanced premium tax credit which is advanced to you. when you file your tax, the next year, it will chew it up and say you over estimated on this side and that's where the, it will add or reduce baeg based on that. >> so with advanced premium cre
i remember a tax credit is much more powerful than a tax deductible expense. other than to calculate what your total bill is, a credit simply is subtracted immediately out of the amount due to the irs where a deduction is not, it just lowering the gi in the first place. this is most definitely a tax credit? >> it is a tax credit especially on the individuals side. as you apply you state what your estimated income is going to be and that puts us in the bucket and say this is what the plans...
SFGTV: San Francisco Government Television
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Jan 29, 2013
01/13
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on that million but as long as your taxed - the first million is you're paying taxes on but if you're not making one million you're not taxed. >> as you keep going up the tier the one million is taxed on the section tier the taxable amount the tiers remain the same. prevents stepping so when i cross a boundary and the rate goes up or down there's no incontinuity. >> this goes in effect in 2014. there is one business who wants to hire but basically they'd have to wait until 2014 and there is a schedule the phase in schedule will still have 2014 is 10 percent is gross receipts the remaining will be payroll tax. the - if they're under $500 in pay role they may be able to apply the pay role exemption tax. >> there probably are some cases where your taxes will be greater than but if you're hiring people you're going to get it in the payroll see or the - you're going to pay the taxes in the year 2014 but if you want to make a determination if you wait i'll be able to avoid this. you'd want to know they might decide oh, the new tax is so moo much better for me, i think i'll wait. this is int
on that million but as long as your taxed - the first million is you're paying taxes on but if you're not making one million you're not taxed. >> as you keep going up the tier the one million is taxed on the section tier the taxable amount the tiers remain the same. prevents stepping so when i cross a boundary and the rate goes up or down there's no incontinuity. >> this goes in effect in 2014. there is one business who wants to hire but basically they'd have to wait until 2014 and...
SFGTV: San Francisco Government Television
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Feb 5, 2013
02/13
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tax credits and how that will be applied. who you get into some of the larger entities there's bigger structures and that needs to be careful communicated so that when the time for outreach there's one package of information going out. so the tax and treasurers office have additional staffing for that >> commissioner reeling. >> so of a small business the gross receipt is less than 1 million it's exemption. >> right the first million is not exemption so if you will look at page 2. the whole 2 million is taxable >> yeah, but it's at a different taxable rate. so if you look at that page once you reach over a million that million is a taxable minimum >> so for schedule one 1.75 percent of - the first million is at - the 5 hundred thousand is taxable at the 1 point percent tax rate. >> commissioner. >> what about the businesses that are a combination of the manufacturing and other businesses structure. >> right so going back to i think i think this is where we need to work this out. we're not going out and educating businesses ri
tax credits and how that will be applied. who you get into some of the larger entities there's bigger structures and that needs to be careful communicated so that when the time for outreach there's one package of information going out. so the tax and treasurers office have additional staffing for that >> commissioner reeling. >> so of a small business the gross receipt is less than 1 million it's exemption. >> right the first million is not exemption so if you will look at...
SFGTV: San Francisco Government Television
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19
May 18, 2013
05/13
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gasoline or the sales tax from gasoline and in place of that, increased the gas tax by a like aamount. and that allowed it to do some other maneuver and in essence the same amount of what had been collected under prop 42 is continuing to be collected at the pump from motorists with no change it is a net neutral impact and it just provided the budget folks more flexibility. >> thank you. >> and one last qualification i mentioned that 935, the bill, it is a wash not a support. >> thank you. >> are there any members of the public that would like to further comment on this item? >> all right, public comment is closed. colleagues seeing that there are know other questions, is there a motion for this item? >> commissioner tang has made a motion, without objection. all right. please call up item number four madam clerk. >> internal accounting report and investment report for the nine months ending mar 31, 2013, this is an information item. >> good morning, deputy director for finance and administration, this starts on page 25 of your packet and this is nine-month update of the authority's fi
gasoline or the sales tax from gasoline and in place of that, increased the gas tax by a like aamount. and that allowed it to do some other maneuver and in essence the same amount of what had been collected under prop 42 is continuing to be collected at the pump from motorists with no change it is a net neutral impact and it just provided the budget folks more flexibility. >> thank you. >> and one last qualification i mentioned that 935, the bill, it is a wash not a support....